Japanese stocks rise for the third straight session and declining risk levels curbed gains

Japanese shares ended the trading higher on Tuesday, continuing its rise for the third straight session, the shares of exporters of electrical appliances led the rises, and the low risk levels curbed gains as investors assess the the expectations of raising the US interest rates ahead of Chinese economic growth data and ahead of the European interest rate decision later this week.

The Nikkei closed up almost 63.49 points or 0.38 percent to 16,963.61 points, and the TOPIX index rose 4.01 points or 0.30 percent to 1,356.57 points.

Stock indices in Tokyo ended yesterday's session higher almost 0.4 percent, in the second daily gain in a row, with the support of the shares of export companies gains, especially shares of automakers.

Exporters of electrical appliances achieved the biggest gains among industrial groups on the Topix index, against a decline in the energy sector by 0.8 percent with the declining Inpex Krupp shares and shares of Japan Petroleum Exploration Company Following the lower oil prices over two days.

Low risk levels curbed Japanese stocks gains, as investors assess the expectations of raising the US interest rates in December, and traders priced these expectations at 67 percent, with the anticipation of Chinese economic growth data for the third quarter, which issued later during the Asian market on Wednesday, and on Thursday, the Central Bank of Europe releases its decision on interest rates at the end of its regular meeting, also Mario Draghi, Governor of the Bank will talk about the future of monetary policy in Europe.

Futures for the S & P 500 rose 0.4 percent, and the index ended yesterday's session on Wall Street, down by 0.3 percent, affected by loss of the energy sector, and goods companies.